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Duff & Phelps Investment Management Co. Raises Stake in TELUS Co. (NYSE:TU)

TELUS logo with Utilities background

Duff & Phelps Investment Management Co. raised its stake in TELUS Co. (NYSE:TU - Free Report) TSE: T by 13.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,666,500 shares of the Wireless communications provider's stock after purchasing an additional 317,000 shares during the quarter. Duff & Phelps Investment Management Co. owned 0.18% of TELUS worth $44,785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TU. Fairscale Capital LLC bought a new position in TELUS in the 2nd quarter valued at $27,000. Blue Trust Inc. grew its stake in shares of TELUS by 60.4% during the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider's stock worth $41,000 after acquiring an additional 954 shares during the period. Trust Co. of Vermont increased its holdings in TELUS by 19.0% in the 3rd quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider's stock worth $128,000 after acquiring an additional 1,218 shares during the last quarter. Acadian Asset Management LLC bought a new stake in TELUS in the 2nd quarter valued at about $123,000. Finally, Unique Wealth Strategies LLC purchased a new stake in TELUS during the second quarter valued at about $141,000. 49.40% of the stock is owned by hedge funds and other institutional investors.

TELUS Price Performance

NYSE TU traded up $0.03 on Monday, hitting $15.75. The stock had a trading volume of 3,230,786 shares, compared to its average volume of 2,336,673. The firm has a 50-day moving average of $15.84 and a 200-day moving average of $16.00. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.69. TELUS Co. has a 52-week low of $14.63 and a 52-week high of $18.68. The company has a market capitalization of $23.62 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 2.26 and a beta of 0.73.

TELUS (NYSE:TU - Get Free Report) TSE: T last posted its quarterly earnings data on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.11. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $3.69 billion. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The firm's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.19 earnings per share. Equities analysts expect that TELUS Co. will post 0.73 EPS for the current year.

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be issued a $0.297 dividend. This is a positive change from TELUS's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, December 11th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 7.55%. TELUS's dividend payout ratio is presently 244.69%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of TELUS from a "hold" rating to a "sell" rating in a research report on Thursday, November 21st. Scotiabank raised TELUS from a "sector perform" rating to a "sector outperform" rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $26.00.

Read Our Latest Report on TELUS

TELUS Profile

(Free Report)

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.

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Institutional Ownership by Quarter for TELUS (NYSE:TU)

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